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Rite Aid's RediClinic Forms JV with Hackensack Meridian
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In line with its persistent endeavors to enhance pharmacy and clinical services, Rite Aid Corporation’s Rediclinic entered into a joint venture with Hackensack Meridian Health, a New Jersey-based healthcare Network. This collaboration aims to introduce retail-based healthcare clinics inside select Rite Aid pharmacies in Monmouth, Middlesex and Ocean counties in New Jersey.
The first 10 clinics, co-branded as Hackensack Meridian Health RediClinics, will open doors in late 2016. The staff at the newly formed clinics will comprise nurse practitioners who will be permitted to diagnose, treat and prescribe medicines when required. Additionally, Hackensack Meridian’s nurses will supervise numerous preventive services like health screening, immunizations, medical tests and basic physical exams, including back-to-school and sports physicals. RediClinic’s acclaimed weight/lifestyle management program, Weigh Forward, will also be accessible at these clinics.
Through the aforementioned deal, RediClinic and Hackensack Meridian Health intend to provide more convenient and cost-effective emergency services by joining forces with four AfterHours walk-in and nine urgent care centers, which presently operate across Monmouth and Ocean counties.
Further, the collaboration is expected to be mutually beneficial as RediClinic will be able to expand its network of providers as well as scope of services, while Hackensack Meridian Health will offer its healthcare services at convenient rates and explore innovative ways of providing care to millions of people.
Rite Aid’s wholly owned subsidiary, RediClinic has served over 2 million consumers since 2005, by providing simple access to superior-quality and affordable healthcare facilities. Since its inception, RediClinic has vastly expanded its presence and now operates 35 clinics inside H-E-B grocery stores in Houston, Austin and San Antonio, TX, as well as 48 clinics inside select Rite Aid pharmacies in the greater Philadelphia, Baltimore/Washington D.C. and Seattle areas.
We believe the aforementioned collaboration will be a win-win for both companies and help each strengthen its portfolio of health and wellness services.
Currently, Rite Aid, which is the third-largest retail drugstore in the U.S., carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail space include Herbalife Ltd. (HLF - Free Report) , American Eagle Outfitters, Inc. (AEO - Free Report) and Citi Trends, Inc. (CTRN - Free Report) , all holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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Rite Aid's RediClinic Forms JV with Hackensack Meridian
In line with its persistent endeavors to enhance pharmacy and clinical services, Rite Aid Corporation’s Rediclinic entered into a joint venture with Hackensack Meridian Health, a New Jersey-based healthcare Network. This collaboration aims to introduce retail-based healthcare clinics inside select Rite Aid pharmacies in Monmouth, Middlesex and Ocean counties in New Jersey.
The first 10 clinics, co-branded as Hackensack Meridian Health RediClinics, will open doors in late 2016. The staff at the newly formed clinics will comprise nurse practitioners who will be permitted to diagnose, treat and prescribe medicines when required. Additionally, Hackensack Meridian’s nurses will supervise numerous preventive services like health screening, immunizations, medical tests and basic physical exams, including back-to-school and sports physicals. RediClinic’s acclaimed weight/lifestyle management program, Weigh Forward, will also be accessible at these clinics.
Through the aforementioned deal, RediClinic and Hackensack Meridian Health intend to provide more convenient and cost-effective emergency services by joining forces with four AfterHours walk-in and nine urgent care centers, which presently operate across Monmouth and Ocean counties.
Further, the collaboration is expected to be mutually beneficial as RediClinic will be able to expand its network of providers as well as scope of services, while Hackensack Meridian Health will offer its healthcare services at convenient rates and explore innovative ways of providing care to millions of people.
Rite Aid’s wholly owned subsidiary, RediClinic has served over 2 million consumers since 2005, by providing simple access to superior-quality and affordable healthcare facilities. Since its inception, RediClinic has vastly expanded its presence and now operates 35 clinics inside H-E-B grocery stores in Houston, Austin and San Antonio, TX, as well as 48 clinics inside select Rite Aid pharmacies in the greater Philadelphia, Baltimore/Washington D.C. and Seattle areas.
We believe the aforementioned collaboration will be a win-win for both companies and help each strengthen its portfolio of health and wellness services.
RITE AID CORP Price
RITE AID CORP Price | RITE AID CORP Quote
Zacks Rank
Currently, Rite Aid, which is the third-largest retail drugstore in the U.S., carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail space include Herbalife Ltd. (HLF - Free Report) , American Eagle Outfitters, Inc. (AEO - Free Report) and Citi Trends, Inc. (CTRN - Free Report) , all holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>